KOVAFLEXHOMES
ActiveThe computed 12-month bankruptcy probability of KOVAFLEXHOMES is 4.3% (elevated). The 2025 annual accounts show equity of €5k and a net result of €3k. Its solvency ranks better than 16% of 7431 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+8
Solvency32=
Growth78
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.67 against 0.4 in 2024; short-term debt: 68.3% and cash: 19.4% of total assets), and 93.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7431 sector peers (2025).
NBB · sector comparisonPosition among 7431 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▲ 245%
2024 · €755
2024: €755
2024 → 2025
Working capital
€-18k▲ 0.7%
2024 · €-18k
2024: €-18k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€3k-€5k▲ 94.6%
Operating result€3k-€4k▲ 34.5%
Net result€755-€3k▲ 245%
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€43k▲ 50.9%
Current assets
€36k▲ 201%
Equity and liabilities €80k
Equity
€5k▲ 94.6%
Debt
€74k▲ 95.2%
The debt ratio stays at 93.3%.
Key figures and ratios
EBITDA
€11k▲
2024 · €10k
Cash flow
€10k▲
2024 · €8k
Solvency
6.7%▼
2024 · 6.7%
Current ratio
0.67▲
2024 · 0.40
Quick ratio
0.67▲
2024 · 0.40
Debt / equity
13.86▲
2024 · 13.83
ROE
48.6%▲
2024 · 27.4%
ROA
3.3%▲
2024 · 1.8%
Interest coverage
12.14▲
2024 · 5.28
Debt
€74k▲
2024 · €38k
Debt ≤ 1 year
€54k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€41k€80k▲
Fixed assets21/28€29k€43k▲
Tangible fixed assets22/27€29k€43k▲
Furniture and vehicles24€29k€43k▲
Current assets29/58€12k€36k▲
Amounts receivable within one year40/41€10k€21k▲
Trade receivables40€10k€15k▲
Other amounts receivable41€256€6k▲
Cash at bank and in hand54/58€2k€15k▲
Equity and liabilities
Total equity and liabilities10/49€41k€80k▲
Equity10/15€3k€5k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€755€3k▲
Amounts payable17/49€38k€74k▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€30k€54k▲
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€5k€32k▲
Suppliers440/4€5k€32k▲
Taxes, remuneration and social security45€215€2k▲
Taxes450/3€215€2k▲
Other amounts payable47/48€16k€13k▼
Accrued charges and deferred income492/3-€20k
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€51k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€149€121▼
Gross operating margin9900€10k€11k▲
Operating profit (loss)9901€3k€4k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€909▼
Recurring financial charges65€2k€909▼
Profit (loss) for the period before taxes9903€755€3k▲
Profit (loss) for the period9904€755€3k▲
Profit (loss) for the period to be appropriated9905€755€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€755€3k▲
Profit (loss) brought forward from the previous period14P-€755
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dolfijnenstraat 3/21080 Sint-Jans-MolenbeekGround area
359 m²
Building footprint
359 m²
Volume, LiDAR
2,970 m³
Parcel 21524C0226/00E000, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0226/00E000 | Brussels | 359 m² | 1 · 359 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 6,727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2023
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
43221Plumbing work
43331Floor and wall tiling
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.